For the whole fiscal year earnings by the world’s largest internet search company hit a record of $50 billion, that’s 37.5 billion euros.

However, its Motorola mobile phone division continues to lose money with an operating loss of $353 million during the quarter.

Google acquired Motorola Mobility last year, one of various “big bets” that Google Chief Executive
Larry Page has made to better position the company for a changing technology landscape defined by mobile gadgets and social networking.

“We now live in a multi-screen world,” said Page, adding that “we feel naked without our smartphone.”

Page said that Google had work to do in “managing our supply better as well as building a great customer experience,” but said Google remains squarely focused on opportunities around devices such as smartphones.

Asked about the potential threat from Facebook’s recent launch of a social networking search product, Page cited Google’s years of online search experience and innovations such as voice-based search.